I have held for a similar period and have the same feelings on the whole thing. Ripped off!!
In order to claw back a few cents on the thousands that have beep ripped off me, I would at least like to get the extra 1 cent if the nickel price meets the pre-condition. So what is that pre-condition? The initial Cobalt 27 Acqisition presentation says "US$13,220 or higher", while today's HIG Scheme Booklet says only if it "exceeds US$13,220".
We nearly got there this month with four days at or above US$13,220. Fourth day finished right on US$13,220. So, if the next day was at or above the required price, would it have meet the condition for the extra 1 cent with the 4th day finishing exactly at US$13,220?
Cobalt 27 Acquisition Presentation
Ann: Scheme Booklet for Proposed Acquisition by Cobalt 27, page-4
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